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- LME Aluminum 3M Select trades $-94 lower to $3145.50 at 8:34:15 AM
- LME Copper 3M Select trades $-375.75 lower to $13241 at 8:34:15 AM
- (Bloomberg) -- Copper sank from a record toward the end of an extraordinary week for metals marked by frenzied trading, huge gains and a one-hour delay to the opening of the London Metal Exchange. Benchmark three-month futures fell by almost 4% to near $13,000 a ton on the LME, after peaking above $14,500 on Thursday, driven by a sudden wave of buying by Chinese speculative investors. The copper market is likely to “push back physically” against soaring prices, with potential for greater scrap supply and so-called demand destruction that would eventually become a headwind.
- CME HRC Steel last traded at $968 and $-4 lower at 7:57:48 AM
Price Indications
Today's Charts
Metals Factor Matrix
AEGIS Factor Matrices: Most important variables affecting metals prices
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